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20121027
20121104
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thanksgiving when winds. and then the market will get back to trying to figure out what is the economy, what will earnings do. from current levels i think we have some decent upside next year. lori: department stores, application software, given the hurricane and the aftermath you heard home depot, are you changing some strategies? given that disaster? >> our investors, given with the retail investors in it for the longer haul. the home-improvement retailers, they have really done well, and things are selling right now. plywood, tarps, all those things are low margin items and while they have seen a jump since sandy hit in the market has reopened, i don't know how much they're really going to get out of sandy, but they will get more out of a continuation of the economic recovery so if you are in those we want you to stay in those, but we are not trying to get our investors in and out of stocks quickly based on the aftermath of the hurricane. lori: until your talking but the treasuries, are you taking up the space, we'd advise equities? >> even though the market is pretty close, the year-end
to the economy a little bit. specifically, jobs. we have key readings out today ahead of the big report tomorrow. it is up 140 on the dow and i believe they like this jobs report. i want to talk about adp. they had some issues with the way they put it together and they changed their methodology. does that affect the way we should look at it back i do not know. first of all, it is such a short data series. there is not a lot of history to it. i like it better that it is a private company based on their surveys. they look at tomorrow's employment data like it means something. it is so highly revised. last september at the original estimate came out about 100,000 jobs. the market got hit. it was not a good situation. now, if you look at the number after revisions, it is over 200,000 jobs. my point to the viewer is, try to not look at the individual data point, but look at the trend of the data point. that continues to be positive. connell: give me a quick take on what you think of the stock market in general. i think everything seems to be political or now got this we, obviously, with the storm, wi
. is this a case of slow and steady wins the race or another sign that the u.s. economy is nowhere near a real recovery? joining me now, chief global equity strategist at jefferies. tommy coming october jobs report, would you characterize it as more good were more bad news? speak what was more good news. we have had over the last quarter, factory order numbers as well over the last 24 hours but the key has been with head spinning the companies coming into the u.s. election and presumably ahead of the fiscal cliff discussions. that will still be a drag for growth alongside what we have seen from hurricane sandy and the gdp numbers. we'll still trend lower in the macro data pieces. employment data was actually slightly better, but in the whole scheme of things i think things are still slightly weaker toward the end of the year. lori: what i think in terms of gdp points? >> the estimates probably the early estimates probably shave off about a half a percent during this quarter which will mean early estimates about 1% gdp for fourth quarter. down about a half, it will have a meaningful impact unfo
what really is going on here. when president clinton said the economy is stupid, what really happened all the way back in 1980, we went through a 24 hours news cycle which you represent first-hand, the ability of the press to cover news has been enhanced. job reports, gdp reports, prior to 1980, with the advent of cnn and later yourselves, they got pushed aside. they were only covered in print. this will be decided in the middle west, on the jobs numbers, the gdp numbers, it will be decided in some of these swing states. dagen: does it make, speaking of swing states, the cincinnati -- that one pull from the cincinnati inquirer has them neck and neck 49-49. because of the weather, because they are canceling some events, do those ad dollars spent on tv in the ads that are running on radio and television, are they even more critical because of what is happening with the weather? >> it has been a tsunami of ads. it is just overwhelming. there is almost nothing you can do in this letter week that you have not already seen. all the tv time was bought up as early as labor day. i think friday
big economic headline today, the u.s. economy adding -- joining us down in florida where i am told he voted today. >> i did, i voted today. i have to watch out for the weather. connell: that is the big question. you know, in terms of how that will affect the election. in terms of numbers today, we said this would be the big number ahead of the election. 7.9% unemployment, hundred 70 plus jobs. >> i do not know about the election. the report is a good report. it is above estimates. the revisions were good. two things are good in this report. incomes did not write so much. they are better than what we used to get. we look back and say, hey, we created a half million jobs within the last three months. the numbers should be a little stronger when they have final data. this is good news today. connell: is it signs that the economy is really coming back click back we brought up that people have questions about the quality of the jobs or are you still have a lot of people working part-time that want to be full-time. characterize where you think we are in the recovery right now? >> small incr
and foremost on their minds. jobs still first and foremost on their minds. this economy. this is not a time where people, the american people right now are being con descended to by a national liberal press as well, acting if every voter, every likely voter is a complete moron who has to be guided into the final hours to be pushed into the booth and so they can vote for the candidate that makes most sense. very simple questions here, who refused more security for benghazi? who was it who refused to rescue four americans? who is responsible for the past four years? and this country as president of the united states and does that record satisfactory? if you want more, there it is. melissa: would it be cynical of me to say chris christie also wants the dollars the president brings with him? >> he will get the dollars no matter what. melissa: then i won't say it. be positive. i won't throw the out there. >> but the question you suggest is absolutely apt. why in the world this, this level of, if you will --. melissa: lovey-dovey? ashley: photo-ops. >> creates political and interesting, well, dis
and treasuries? >> well, china buys our debt because they have to, because they have an economy that's geared to selling things to the u.s.. last year, commie that's merchandise trades surplus against the united states was 195.5% of the overall surplus giving the united states leverage with china because china runs deficits with the rest of the world to run a surplus with us. we don't have to worry about china. dennis: i see. donald gross, the more you tell the chinese what to do, the more recalcitrant they get. >> the question with china and getting tough with china is look at the issue and the overall context of the relationship. right now, primary focuses on strengthening the fragile u.s. economic recovery, the american growth rate at 2%, the chinese growth rate at 8%, and the fact is that u.s. trade with china's highly beneficial. china's helping us to pull out of the global economic crisis. as you probably know, china's america's third largest export market. it's the largest growth market in the world for u.s. goods and services so we have to address the serious trade issues we have with
have done well. think about long-term. you can argue for it, i do not if we can just be able to economy. we need to be in economy where there is real capital expenditures. melissa: i want to interrupt you for just a second. the new york stock exchange just sent out a thing that it will be closed tomorrow. is that right quick smack the markets will be closed tomorrow? i do not mean to interrupt you, but that is very important to our viewers. charles: think about this, this will already be an angst filled week. a triple digit to the upside, a triple digit to the downside and then the election on the way. all of that will be squeezed into, maybe three trading sessions. we will be in for a real wild ride this week. melissa: you are right about that. ashley: hurricane sandy has forced most of the federal government to shut some power already out. rich edson joined us with the very latest from d.c. rich: president obama wrapping up a meeting with emergency responders, fema, homeland security, he says the federal government is prepared. they have food and water position all throughout the east
the economy. charles: it will create some jobs. cheryl: charles payne, thank you. i think i've made some money or hopefully will tomorrow. and when trading does begin tomorrow there's going to be a rush to make money from hurricane sandy with the automatic notion that a home depot and a lowe's are the stocks to own so we'll be watching those stock of course tomorrow and we're going to be talking about it coming up next, new york city rescue workers are still dealing with this. and you've probably seen this by now, this crane is on top of the luxury high rise midtown manhattan. it's still up there, folks. we'll have that story when we come right back. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. mo
Search Results 0 to 8 of about 9